IRYS (IRYS) fluctuates 51.7% in 24 hours: Spot trading volume surges 225% and Binance futures open interest spikes drive speculative rebound
Bitget Pulse2026/05/13 16:02Volatility Overview
In the past 24 hours, the price of IRYS rebounded from a low of $0.04734 to a high of $0.07183, and is currently at $0.05078, showing a volatility amplitude of 51.7%. Trading volume has significantly expanded, with 24-hour spot trading volume surging 225% and multiple extreme inflows in futures open interest (OI) (Z-score reaching 4.97-5.4, OI growth of 6%-130%). The overall trading volume is about $51 million, 3-6 times above the average level.
Brief Analysis of the Surge Causes
• Spot trading volume soared: 24-hour spot trading volume spiked 225%, rapidly rising from the low of $0.0468 to $0.06576, driving intense price fluctuation.
• Binance futures open interest surged: Multiple records of extreme OI inflow (+6.35% to +130%), with trading volume expanding 3-5 times and a positive funding rate (0.059%). New long positions dominate, with low liquidity (OI notional value $1.7 million to $2.8 million) amplifying price swings.
No official announcements or on-chain whale large moves detected, mainly speculative rebound.
Market Sentiment and Outlook
Mainstream community sentiment is bullish, with frequent long signals on X (such as trendline breaks and position expansion). Traders view this as an "opportunistic rebound" with targets at $0.055-$0.066. However, widespread caution notes that low liquidity can trigger short squeezes and slippage risks, so it’s suggested to watch for support at $0.047-$0.051. Continued volatility is expected, with the need to be alert for a retracement to around $0.045.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Reportedly, the US urges Japan to "increase" defense spending; Tokyo considers a 3.5% GDP target, bond market and yen come under pressure first
Under pressure from the United States, Japan is considering setting a new medium-term defense spending target, planning to increase its defense expenditure to 3.5% of GDP to align with NATO and other U.S. allies.
The logic of "cheap yen financing" is changing! Funds are reallocating "carry trades" as Swiss franc and Swedish krona compete for the funding currency position
The appeal of yen financing has diminished, and carry traders have recently turned their attention to the franc and the krona. With the yen’s recent surge making it a less reliable investment option, currencies such as the Swedish krona and Swiss franc are becoming primary funding choices for carry trades.
Crypto Regulation Deal Collapses: 5 Altcoins to Watch Before Volatility Turns Into the Next Buying Opportunity
Crypto prices
More
